OFF MARKET

1/11 Lower Gordon Street
Korumburra VIC 3950

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 88m2
Land area: 214m2
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Last updated 11 Nov 2024
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Property Details for 1/11 Lower Gordon St, Korumburra

1/11 Lower Gordon St, Korumburra is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 214m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
Unit
Year Built
2012
Floor Size
88m2
Land Size
214m2
Local Government
South Gippsland
Lot/Plan
1/PS625105

Last Listing description (September 2020)

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Located at the front of a very quiet unit block, this brick veneer unit presents in excellent overall condition and offers potential investors a rare opportunity to invest in Korumburras booming property market. An excellent tenant is currently in place with a lease until January 2020 who would be happy to stay long term.

The unit is a great size and features two spacious bedrooms with built in robes, serviced by a central family bathroom with separate toilet. It has a large lounge at the front, plus a dining room/second living area at the rear. The modern kitchen has a natural gas cooktop, electric oven and dishwasher. Split system heating and cooling keeps the entire place comfortable.

A spacious backyard is low maintenance and easy for tenants to take care of. To the side of the house, you have an oversized single car garage for storage. Security doors to the front and back door help the tenants to feel safe and secure.

The unit has recently been freshened up with a coat of paint and new blinds to the front. If youve been searching for a low maintenance investment in a great location close to town, this is the one for you! Take a look at our virtual tour, and please allow 24 hours notice to view the property.

IF YOU LIVE IN AN AREA UNDER STAGE 3 RESTRICTIONS, IT IS A REQUIREMENT THAT YOU WEAR A SURGICAL OR CLOTH FACE MASK WHILE WITHIN THIS HOME OR NEAR OTHERS.

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Property History for 1/11 Lower Gordon St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$277,000
13 Aug 2020
Listed for Rent
20 Jan 2020
  • 13 Aug 2020
    Sold for $277,000
  • 04 Jun 2020
    Listed for Sale $285,000
  • 08 Dec 2019
    Listed for Rent - Price not available
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About Korumburra 3950

The size of Korumburra is approximately 59.9 square kilometres. It has 13 parks covering nearly 1.4% of total area. The population of Korumburra in 2011 was 4,374 people. By 2016 the population was 4,491 showing a population growth of 2.7% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation. In 2011, 74.2% of the homes in Korumburra were owner-occupied compared with 73% in 2016.

Korumburra has 3,102 properties. Over the last 5 years, Houses in Korumburra have seen a 65.12% increase in median value, while Units have seen a 66.00% increase. As at 31 October 2024:

  • The median value for Houses in Korumburra is $559,633 while the median value for Units is $443,273.
  • Houses have a median rent of $440 while Units have a median rent of $375.
There are currently 98 properties listed for sale, and 4 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Korumburra.

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